Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124167907> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W3124167907 abstract "A number of recent papers point to the importance of distinguishing between the price reaction to micro and macro shocks in order to reconcile the volatility of individual prices with the observed persistence of aggregate inflation. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a panel of 276 micro price levels collected on a semi-annual frequency from 1990 to 2010 across 88 cities in 59 countries around the world, that enables us to distinguish between different types (local and global) of micro and macro shocks. We find that global shocks have more persistent effects on prices as compared to local ones e.g. prices respond faster to local macro shocks than to global micro ones, implying that the relatively slow response of prices to macro shocks documented in recent studies comes from global rather than local sources. Global macro shocks have the most persistent effect on prices, with the majority of goods and locations sharing a single source of trend over time stemming from these shocks. Finally, both local macro and local micro shocks are associated with relatively fast price convergence." @default.
- W3124167907 created "2021-02-01" @default.
- W3124167907 creator A5032764156 @default.
- W3124167907 creator A5069780099 @default.
- W3124167907 date "2012-01-01" @default.
- W3124167907 modified "2023-09-23" @default.
- W3124167907 title "Global Versus Local Shocks in Micro Price Dynamics" @default.
- W3124167907 hasPublicationYear "2012" @default.
- W3124167907 type Work @default.
- W3124167907 sameAs 3124167907 @default.
- W3124167907 citedByCount "0" @default.
- W3124167907 crossrefType "posted-content" @default.
- W3124167907 hasAuthorship W3124167907A5032764156 @default.
- W3124167907 hasAuthorship W3124167907A5069780099 @default.
- W3124167907 hasConcept C121332964 @default.
- W3124167907 hasConcept C149782125 @default.
- W3124167907 hasConcept C162324750 @default.
- W3124167907 hasConcept C165696696 @default.
- W3124167907 hasConcept C166955791 @default.
- W3124167907 hasConcept C175444787 @default.
- W3124167907 hasConcept C188897 @default.
- W3124167907 hasConcept C199360897 @default.
- W3124167907 hasConcept C200941418 @default.
- W3124167907 hasConcept C2993018946 @default.
- W3124167907 hasConcept C3018162585 @default.
- W3124167907 hasConcept C33332235 @default.
- W3124167907 hasConcept C38652104 @default.
- W3124167907 hasConcept C41008148 @default.
- W3124167907 hasConcept C556758197 @default.
- W3124167907 hasConcept C91602232 @default.
- W3124167907 hasConceptScore W3124167907C121332964 @default.
- W3124167907 hasConceptScore W3124167907C149782125 @default.
- W3124167907 hasConceptScore W3124167907C162324750 @default.
- W3124167907 hasConceptScore W3124167907C165696696 @default.
- W3124167907 hasConceptScore W3124167907C166955791 @default.
- W3124167907 hasConceptScore W3124167907C175444787 @default.
- W3124167907 hasConceptScore W3124167907C188897 @default.
- W3124167907 hasConceptScore W3124167907C199360897 @default.
- W3124167907 hasConceptScore W3124167907C200941418 @default.
- W3124167907 hasConceptScore W3124167907C2993018946 @default.
- W3124167907 hasConceptScore W3124167907C3018162585 @default.
- W3124167907 hasConceptScore W3124167907C33332235 @default.
- W3124167907 hasConceptScore W3124167907C38652104 @default.
- W3124167907 hasConceptScore W3124167907C41008148 @default.
- W3124167907 hasConceptScore W3124167907C556758197 @default.
- W3124167907 hasConceptScore W3124167907C91602232 @default.
- W3124167907 hasLocation W31241679071 @default.
- W3124167907 hasOpenAccess W3124167907 @default.
- W3124167907 hasPrimaryLocation W31241679071 @default.
- W3124167907 hasRelatedWork W1480430213 @default.
- W3124167907 hasRelatedWork W1549522387 @default.
- W3124167907 hasRelatedWork W2060204991 @default.
- W3124167907 hasRelatedWork W2148403228 @default.
- W3124167907 hasRelatedWork W2326050952 @default.
- W3124167907 hasRelatedWork W2356815979 @default.
- W3124167907 hasRelatedWork W2373587913 @default.
- W3124167907 hasRelatedWork W2608964748 @default.
- W3124167907 hasRelatedWork W2941259829 @default.
- W3124167907 hasRelatedWork W2962535243 @default.
- W3124167907 hasRelatedWork W3122041567 @default.
- W3124167907 hasRelatedWork W3122996004 @default.
- W3124167907 hasRelatedWork W3123225216 @default.
- W3124167907 hasRelatedWork W3123296527 @default.
- W3124167907 hasRelatedWork W3124398672 @default.
- W3124167907 hasRelatedWork W3124620091 @default.
- W3124167907 hasRelatedWork W3124774763 @default.
- W3124167907 hasRelatedWork W3126117437 @default.
- W3124167907 hasRelatedWork W3139607477 @default.
- W3124167907 hasRelatedWork W3149776393 @default.
- W3124167907 isParatext "false" @default.
- W3124167907 isRetracted "false" @default.
- W3124167907 magId "3124167907" @default.
- W3124167907 workType "article" @default.